Nauta Capital has held a €55m final close for its Sidecar Fund.
This new fund brings the pan-European VC's total assets under management to €365m.
Nauta is currently managing an early-stage VC fund, Nauta Tech Invest IV, which held a final close on $170m in April 2017.
The fund is backed by its existing international investor base from continental Europe, the UK and the Americas, including British Patient Capital, the European Investment Fund, Institut Català de Finances and Spanish fund-of-funds ICO.
The vehicle will provide series-C rounds and follow-on capital to the firm's 40 portfolio companies. The vehicle will target European software companies and deploy equity tickets between €1-7m.
Nauta Capital – Carles Ferrer (general partner).
High-net-worth individuals and family offices are hunting for yield, concerned about low interest rates and market volatility
Fund expects to hit its target in the first quarter of 2020 and has already made six investments
Soprome and BTC Capital also back the takeover of the security services company
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